Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

With the stronger presence of grain-free and organic concepts in the marketplace, more owners started to consider purchasing cat food that included natural and organic ingredients instead of mass commercial cat food made with by-products and low-cost...

Many owners feel that dental cleaning for pets is expensive and is not a long-term solution to ensuring their dogs have healthy teeth. As a result, dental chews and bones are essential items in dog treats. Recommended by veterinarians, dental chews ...

SPCA contributed to a joint wildlife trade report in 2015 that said Hong Kong had become a significant animal trading port internationally. A rapidly expanding community of people in Hong Kong are keeping non-traditional pets – from small pythons and...

With growing concerns about maintaining a healthy coat and skin, owners are spending more time and resources on grooming services for their pets. Just like humans when they are being pampered, the list of services for pets is getting longer and ...

As we are entering the digital era, the pet care industry has also been keeping up with developments. Brands like PETKIT, Petoneer and Petwant have been gaining more awareness in recent years. Products like pet homes with built-in auto-induction and ...

Indoor plants remained the largest category in horticulture in 2018. Given the extremely built up nature of the urban Hong Kong landscape, local consumers like to buy indoor plants to decorate their homes and to create a sense of the outdoors in ...

According to the Demographia International Affordability Study in 2018, Hong Kong has been ranked as the world’s most expensive housing market for the ninth consecutive year. This means it would take general consumers an average of 21 years to save ...

Due to the rapid pace of life in Hong Kong, the popularity of do-it-yourself (DIY) is limited. Inhabitants of Hong Kong generally prefer to use professional services instead of DIY for interior renovation, which therefore limits the growth of home ...

In general, consumers perceive beverageware simply as portable containers for beverages. However, some industry players are now equipping these containers with a more innovative water filter, which helps to reduce any impurities and heavy metal in ...

In 2018, Hong Kong property prices continued to soar with the property market seeing more small flats being built. Dubbed “nano” flats in the media, these housing units are less than 200sq ft, cost an average of HKD4 million to buy and are popular ...

Consumption of coffee, particularly specialty offerings, has continued to grow in popularity in recent years. New brewing techniques such as cold brew and cold drip are enjoying a rise in public recognition thanks to the expansion of independent ...

Surging rental costs have caused many foodservice operators to switch to smaller outlet sizes or move into retail locations in order to save costs. Independent café, Sensory Zero, for instance, started off by renting its first outlet at One Island ...

Consumers, especially from younger generations, are demanding more exclusive and unique dining experiences, with traditional corporate players such as Maxim’s, Fulum, and Tao Heung suffering a decline in popularity. Leading players are thus ...

Due to high outlet rental and labour costs, the number of outlets and sales revenue for 100% takeaway and delivery restaurants grew quickly during the review period. These stores specialise in offering a very limited menu and target busy working ...

Consumer spending on foodservice continued to rise at a healthy rate in 2018 in line with positive economic performance. In response to rising health and wellness concerns, traditional established companies such as full-service pizza chain Pizza ...

Since Ikea opened its fourth furniture and homeware retailing outlet in Tsuen Wan during October 2017, together with a self-service dining restaurant and café, self-service cafeterias has seen healthy growth. Under the branding effect, consumers are ...

In recent years, the Hong Kong government has greatly constrained the availability of cooked food hawker licences and closed a number of food stall markets in response to food safety issues. In November 2018, the famous Haiphong Road Temporary ...

The accessibility and availability of AFH wipers has definitely increased, with a good selection of products that offer different functions such as antibacterial claims. These slightly moist wipers offer a great cleansing lubricant for tough stains ...

Nappies/diapers/pants continued to see steady current value growth in 2018 despite the country’s birth rate declining. Although the birth rate has declined in Hong Kong this has resulted in families having less children, with parents therefore having...

Retail tissue and hygiene continued to see steady gains in current value terms in 2018 with Hong Kong’s economy thriving. As disposable incomes rise consumers are increasingly looking for premium and added-value products such as those with ...